Decision Sciences
8 years ago

New Auction Design Boosts Efficiency and Revenue Maximization Without Restrictions

SSRN Electronic Journal
Auction Design Without Quasilinear Preferences
Brian Baisa

Paper Summary

The article explores how auction design can change when bidders are risk averse and have positive wealth effects. By removing the standard quasilinearity restriction, the solutions to auction design can be different in terms of efficiency and revenue maximization.

Related papers

Economics, Econometrics and Finance
4 years ago

Optimal taxation strategies could reshape market diversity and consumer choices.

Infrastructure Impact
Monetary Models
Policy Reform
2 views
Economics, Econometrics and Finance
5 years ago

Centralized economies hinder growth, market economy leads to higher welfare.

Monetary Models
Infrastructure Impact
Climate Policies
1 view
Theme background image
Social Sciences
6 years ago

University students' quality needs drive education improvements, Kano model reveals.

Education Technology
Governance Studies
Education Trends
6 views